Score 9 (out of 10): ORACLE sets up for +9.3% rally in 1 month

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What’s Going On Here?

Oracle ranks as the world’s most popular database management system. The company has recently opened a data centre to provide cloud services across Africa.

Why Now?

ORACLE CORP has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, ORACLE CORP shares had a median return of +9.3%, over the following 1 month – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for ORACLE CORP received a high score of 9 (out of 10). This insight was generated on 2022-February-9 with last price of 83.45.

What’s This Company About?

ORACLE CORP is in the Enterprise Software/Serv business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth +25.1% (average). Ticker symbol: ORCL US.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 91.18 (+9.3%) has been reached. Based on ORACLE CORP’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 80.95 (last price at 83.45), which is equivalent to a -3% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

0.6% (December-2021), 8.3% (September-2021), 10.7% (January-2021), 8.7% (November-2020), 9.8% (August-2020), 10.3% (June-2020), 15.4% (March-2020), -1.6% (January-2020), 1.8% (September-2019), 11.5% (June-2019).

Historical Chart:

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Summary:

NameORACLE CORP
ViewUp
Star (1 to 10)9.0
Target+9.3%
Time1 month
Hit Rate90%

Popular Insights:

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